Use the Following Information to Answer the Question(s)below

question 96

Multiple Choice

Use the following information to answer the question(s) below.
-Assuming that Novartis AG (NVS) has an EPS of $3.35,based upon the price-to-book ratios for its competitors,the lowest expected stock price for Novartis is closest to:

• A)$7.47
• B)$13.00
• C)$22.95
• D)$31.86

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Definitions:

Descriptive

Related to describing or giving an account of something in words, including detailed information or characteristics.

Inferences

The act of drawing conclusions from data or evidence.

Institutional Review Board (IRB)

A committee established to review and approve research involving human subjects, ensuring ethical standards and participants' rights are upheld.